More on Me + Em – Page 2885
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NewsDunelm’s strengths are in the price
Value homewares specialist Dunelm has been a favourite in the downturn. Investors like its low-ticket offer and the retailer expects to land good property deals as a result of others’ struggles, aiding expansion.On Monday, UBS downgraded Dunelm from buy to neutral, because Dunelm’s shares had performed so well rather than ...
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‘Stupendous’ week for general retail stocks
General retailers staged a “stupendous run” last week, broker Numis observed, buoyed by better than expected Marks & Spencer numbers.
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NewsOcado targets £3bn business as sales soar
Grocery e-tailer posts market-defying sales as it tackles pricing and range
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Borders US fears grow as market woes widen losses
Embattled bookseller Borders US has plunged further into the red, prompting some experts in the US to suggest Chapter 11 bankruptcy may be its only chance of survival.The company reported a consolidated loss of $16.2m (£10.9m) in the year to January 31 compared with a consolidated loss of just $400,000 ...
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Battle for Sears Canada is hotting up
The battle for Sears Canada is hotting up with reports in the US suggesting that major shareholder Sears Holdings has bought 400,000 shares in the company.The move renewed speculation that it may be plotting a bid for the Canadian arm of its business.In 2006, minority shareholder William Ackman blocked a ...
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Target wants 12-member board
Discounter Target is asking its shareholders to vote to limit its board to 12 directors and not 13 as activist shareholder William Ackman would like.Ackman, who runs hedge fund Pershing Square Capital Management, is also a stakeholder in Sears Canada and Borders and holds nearly 8 per cent of Target’s ...
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Macy’s credit rating reduced to junk status
Macy’s had its credit rating reduced to junk status by ratings agency Moody’s.
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PPR boss trapped in car by employees
Billionaire retailer François-Henri Pinault was held captive in his car for an hour after becoming a victim of the trend for credit crunch boss-napping in France.Pinault, who is chief executive of luxury brands group PPR and husband of Hollywood actress Salma Hayek , was trapped by 50 employees angered ...
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Casino gains call option on ING stake in Super de Boer
An agreement with ING has given grocer Casino a call option on the bank’s stake in Dutch grocer Super de Boer.
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Subhiksha seeks to avoid liquidation
Department store Subhiksha is poised to go to court to avoid liquidation.
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Magnit profits double
Budget food retailer Magnit has reported that profits doubled last year.Sales at Magnit, which operates discounters and hypermarkets in the south and northeast of Russia, rocketed more than 40 per cent to $5.3bn (£3.79bn) from $3.7bn (£2.5bn). Magnit forecast that sales would increase 35 per cent this year.Chief executive Sergei ...
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Japanese convenience stores expand in China
Aeon is to open its first convenience stores in China, while Seven-Eleven Japan is set to expand its chains there further.
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Australian retail sales fall 2% in February
Government efforts to stimulate the economy in Australia have failed to lift retail sales in February, with retailers experiencing their worst month in eight and a half years.Sales fell 2 per cent, on a seasonally adjusted basis, to AUS$18.87bn (£9.1bn) from AUS$19.2bn (£9.28bn) in January, according to the Australian Bureau ...
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AnalysisStore managers need a little managing too
In the fight to drive sales during a recession, store managers’ development can be overlooked. Charlotte Hardie explains why support is vital
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Analysis
Why hard times call for high spirits
In a downturn morale can take a hit, but confidence is vital for performance
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AnalysisWhat it’s like to work at… My-wardrobe.com
The inside opinion from founder Sarah CurranWhat is the My-wardrobe work ethos?“We have created a great culture where staff are passionate. We operate a roundtable approach and key decisions are taken as a team.”What makes the ideal My-wardrobe employee?“We surround ourselves with passionate, enthusiastic and energetic people to ensure we ...
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AnalysisWhat are you doing on Twitter?
The micro-blogging website is this year’s internet phenomenon, so can Twitter form part of a serious marketing and customer insight strategy for retailers? Joanna Perry investigates
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AnalysisEvery little helps the nation’s favourite
Knocking Tesco can seem like a national sport but it remains top of shoppers’ lists. Charlotte Hardie considers why the UK’s biggest grocer continues to be Britain’s favourite retail brand
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AnalysisTopshop: an English brand in New York
The delays have been overcome and the most eagerly awaited store of the year has arrived – Topshop has opened in Manhattan. Before the crowds descended, John Ryan walked the shop with Sir Philip Green